Utophee Ltd

Utophee Ltd, based in Chelmsford, UK, is a small, active company founded eight years ago in 2016. With a single employee and £333,019 in assets, it operates from a real address and is managed by one director and owner. The business regularly imports vehicles, parts, and accessories—excluding trains and trams—with 4 months of import activity recorded as of August 2024. It also exports these items, though less frequently, with just 1 month of export activity noted as of November 5 2018.

The company’s activities span maintenance and repair of motor vehicles, non-specialised wholesale trade, and the sale of used cars and light motor vehicles. It’s unclear if Utophee Ltd has a dedicated website, but its business model suggests a focus on vehicle-related services and parts.

Financially, Utophee Ltd presents a mixed picture. Cash reserves have fallen significantly, dropping 83% to £11,000. Bank borrowings have decreased by 26% to £29,000, and trade debtors have fallen by 15% to £170,000. However, creditors have increased by 26% to £29,000, and net assets have decreased by 74% to -£37,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity raises concerns. The company's total inventories have increased by a staggering 730% to £150,000, which could be a sign of increased stock levels or a temporary surge in demand. With no auditor mentioned, the figures are unaudited.

The increase in inventories, coupled with the decline in cash reserves, suggests that Utophee Ltd may be burning through money to maintain stock levels. It’s possible the company is experiencing challenges in converting inventory into sales, or it may have made a significant investment in stock in anticipation of increased demand. The company’s financial health appears precarious, and it will need to improve its cash flow management to avoid further financial strain.

Registered in England/Wales under the registration number 10314603, with a registered address at CM3 3FS, England, Chelmsford, 3 Niblick Green.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.